Female, 40, Preferred Plus Nontobacco
Initial Death Benefit Option: Increasing
2. Policy Loans and withdrawals reduce the cash value and death benefit.
Hence, it is recommended to monitor your cash value to avoid a policy lapse.
3. Withdrawals exceeding the premiums paid are subject to regular income tax.
4. FIUL policies require health and financial underwriting.
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*Following the Social Security income tax rules, your social security benefits are included in the taxable income by either 0%, up to 50%, or up to 85%.
Income Tax Free Death Benefit
Tax-Deferred Potential Accumulation of Cash Value
Income Tax Free Loans and Withdrawals
*Policy loans and withdrawals will reduce cash value and death benefit.
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Boom Retirement Planning is a brand under Boom Insurance Agency LLC
©Copyright 2024| Boom Insurance Agency. All Right Reserved